[FAST] EGM on 30-Aug-2022

Stock
[FAST]: FAST ENERGY HOLDINGS BERHAD
Announcement Date
03-Aug-2022
Reference No.
GMA-03082022-00001
Corporate Action ID
MY220803MEET0001
Type
EGM
Date & Time
30-Aug-2022 09:30
Depositor Date
22-Aug-2022
Venue
Broadcast Venue at Boardroom, Suite 11.1, Level 11, Menara 1 Dutamas,,No. 1, Jalan Dutamas 1, 50480 Kuala Lumpur,MY
Description
Extraordinary General Meeting
FEHB - Notice EGM with Admin Guides.pdf
Outcome

The Board of Directors of Fast Energy Holdings Berhad ("Fast Energy" or "the Company") is pleased to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") dated 3 August 2022 were duly passed by way of poll using Remote Participation and Voting (“RPV”) facilities provided byMlabs Research Sdn Bhdin Malaysia at the EGM of the Company held on today, 30 August 2022..

The results of the poll were validated by SharePolls Sdn Bhd, the Independent Scrutineer appointed by the Company.

This announcement is dated 30 August 2022.

Voting Results

1. SPECIAL RESOLUTION

Description 
PROPOSED CONSOLIDATION OF EVERY 6 EXISTING ORDINARY SHARES IN FAST ENERGY ("SHARE(S)") INTO 1 ORDINARY SHARE IN FAST ENERGY ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 12
No. of Shares 188,020,498 6,557,768
% of Voted Shares 96.6198 3.3802
Result Accepted

2. ORDINARY RESOLUTION 1

Description 
PROPOSED PRIVATE PLACEMENT OF UP TO 35% OF THE TOTAL ISSUED SHARES OF FAST ENERGY TO THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER ("PROPOSED PRIVATE PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 10
No. of Shares 190,340,776 4,257,490
% of Voted Shares 97.8122 2.1878
Result Accepted

3. ORDINARY RESOLUTION 2

Description 
PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES IN CCK PETROLEUM SDN BHD ("CCKSB") ("SALE SHARE(S)"), REPRESENTING 35% EQUITY INTEREST IN CCKSB FROM MOHD FAIZUL BIN NASIR ("VENDOR") FOR A PURCHASE CONSIDERATION OF RM28,000,000 TO BE SATISFIED VIA A COMBINATION OF RM23,972,660 IN CASH AND RM4,027,340 VIA THE ISSUANCE OF 11,800,000 NEW FAST ENERGY SHARES AT AN ISSUE PRICE OF RM0.3413 PER FAST ENERGY SHARE ("CONSIDERATION SHARE(S)") ("PROPOSED ACQUISITION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 11
No. of Shares 190,277,623 4,277,490
% of Voted Shares 97.8014 2.1986
Result Accepted

Remark
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Market Buzz

2024-04-23

Forum

1 New Comment

2024-04-17

Insider

MR TAN WYE CHUAN (a company director) was dealing with company shares on 04-Mar-2024.

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